Carson City - Nevada businesses are facing a possible doubling of the unemployment tax they pay the state to keep benefits flowing to laid-off workers.
The tax increase on employers would help Nevada avoid paying a hefty interest rate on a $1 billion loan the state plans to ask from Washington to fund the unemployment benefits pool, which is being drained in the recession because of record unemployment in Nevada.
The alternative: keep the unemployment tax rate low because businesses are struggling in the recession, hope the economy turns around and fewer people look for unemployment benefits, and pay the federal loan back with interest when the state can better afford it.
The Nevada Department of Transportation's board of directors will hold a special meeting March 12 to discuss economic stimulus projects, according to Gov. Jim Gibbons' spokesman.
Includes story on higher education stimulus funding.
Democrats worry he will abuse broad authority to spend taxpayer money
By David McGrath Schwartz (contact)
Tuesday, Aug. 25, 2009 | 2 a.m.
Click to enlarge photo
Gov. Jim Gibbons
Related Documents (.pdf)
* Attorney general's opinion on stimulus funds
* Gibbons' letter to the attorney general's office
* Controller Kim Wallin's letter to the Legislative Counsel Bureau
Sun Archives
* Lawmakers OK Gibbons' stimulus czar (8-24-2009)
* Gibbons bypasses lawmakers, names stimulus director (8-18-2009)
* Governor, Democrats on brink of showdown over stimulus funds (8-16-2009)
* Gibbons skirts legislators in action to oversee stimulus (8-14-2009)
* Governor balks at shift of stimulus authority (8-12-2009)
* Gibbons ready to tear at legislative patch (8-9-2009)
* Legislature reins in Gibbons; Democrats cite incompetence (8-5-2009)
* Committee vote delays $10M in stimulus money (8-3-2009)
* Democrats reject Gibbons' 'stimulus czar' proposal (8-3-2009)
Sun Coverage
* Archive of Sun politics stories
CARSON CITY - The governor's office gained authority Monday to swiftly and unilaterally spend federal stimulus money without legislative approval, causing some lawmakers to worry that Gov. Jim Gibbons and his successors can now wield unchecked power over taxpayer dollars.
Democrats worry he will abuse broad authority to spend taxpayer money By David McGrath Schwartz (contact) Tuesday, Aug. 25, 2009 | 2 a.m. CARSON CITY - The governor's office gained authority Monday to swiftly and unilaterally spend federal stimulus money without legislative approval, causing some lawmakers to worry that Gov. Jim Gibbons and his successors can now wield unchecked power over taxpayer dollars.